DirecTV intends to terminate its planned acquisition of Dish Network Corp. in 10 days if bondholders don’t agree to a debt ...
DirecTV’s purchase of EchoStar’s subscription television business could collapse unless bondholders agree to accept a ...
Dish bondholders rejected DirecTV's revised offer on Monday which lowered the minimum loss on $8.9 billion of bonds ...
The deal between the rival satellite TV giants for $1 and $9.75 billion in debt is contingent upon Dish's bondholders ...
A failure to sell Dish would complicate EchoStar’s plans to pour more capital into the development of its 5G network, which ...
EchoStar stock plunged on the news that bondholders of Dish Network rejected a proposed debt deal seen as key to sealing a merger with DirecTV.
A DirecTV spokesperson told the Post: “A successful [debt] exchange was a condition for acquiring the Dish video business.
Dish and EchoStar merged in January and the combined company has pursued a telco-oriented strategy, steering away from pay-TV in a bid to challenge establish players AT&T, Verizon and T-Mobile.
For DirecTV’s part, acquiring Dish Network also involves investor TPG Inc. buying out AT&T’s 70% ownership stake in DirecTV. Bill Morrow, CEO of DirecTV, said last month that combining the ...
The deal will give complete control of DirecTV to TPG, which bought a 30% stake in the business from AT&T in 2021. TPG plans to combine DirecTV with another satellite TV company, Dish. AT&T ...